- Chinese export prices continue to slide on production restarts and weak pre-holiday demand
- European sellers face pressure to destock amid concerns over demand outlook
- US sellers succumb to weak demand and cut offers to secure trades
Vanadium prices in China slumped over the past week after production restarts in Sichuan eased tightness, and demand weakened ahead of the country’s Golden Week holiday.
Metal Bulletin’s assessment of fob China prices for ferro-vanadium 78% min was $38-42.80 per kg
on Thursday September 28, a drop of 15.8% week on week. Prices for V2O5 were assessed at $9-9.8 per Ib
, fob China, a sharp fall of 18.3% from one week earlier.
More than 80% of production that had been halted since this July resumed in early September, and the accumulated supply pressure dragged down vanadium prices further. Meanwhile, steelmakers have...